10 Renewable Energy Carbon Credits to Watch in Asia in 2024

The Hebei Kangbao Wolongtushan 30 MW Wind Farm Project is situated on Wolongtu Mountain in Kangbao County, Zhangjiakou City, Hebei province of China. This project aims to generate electricity through wind power and supply it to the North China power grid. It consists of 40 wind turbines, each with a capacity of 750 kW, totaling an installed capacity of 30 MW. The project is expected to produce 57,946 MWh of electricity annually, aligning with China's development priorities.

• Renewable Energy Generation: The project harnesses wind power, contributing to clean energy production and reducing reliance on fossil fuels.
• Economic Opportunities: The project supports local economic development through job creation and infrastructure improvements.
• Alignment with SDGs: The project supports multiple Sustainable Development Goals, including affordable and clean energy, industry innovation, and sustainable communities.

• Noise: Wind turbines can generate noise, which may be disruptive to local residents or wildlife.

The Sichuan Da County Jiujietan Hydropower Project, located upstream of Shiti Town in Da County, Sichuan Province, harnesses the hydroelectric potential of the Ba River to generate clean electricity. With an installed capacity of 39 MW, the project produces approximately 187.51 GWh of energy annually, enough to power around 60,000 households in China each year. This energy replaces fossil-fuel-based power in the Sichuan Provincial Grid and the Central China Power Grid (CCPG), reducing CO2 emissions by an estimated 131,078 tons annually, equivalent to removing about 28,000 cars from the roads.

• Renewable Energy Source: Utilizes the abundant hydroelectric potential of the Ba River to generate clean energy, which contributes to reduced reliance on fossil fuels.‍
• ‍Scale: By replacing fossil-fuel-based power generation, the project contributes to significant reductions in air pollutants and carbon emissions. Estimated annual reduction at 131,078 tCO2e.‍
• Grid Support: The project helps alleviate power shortages in the region and supports the central grid with a stable energy supply.
• ‍Local Economic Benefits: Provides local economic development by creating jobs during construction and operation, particularly in a rural area where employment opportunities might be limited.‍
• Social Development: Supports infrastructure development, such as road construction, benefiting local communities, especially in underserved areas.‍
• Infrastructure Development: Promotes infrastructure improvements in the area, such as road construction, which can benefit the broader community.

• Dependence on Hydrology: The project’s effectiveness is dependent on water availability, which can be impacted by seasonal changes and long-term climate variability (eg. droughts).

This large-scale solar energy project by Clean Solar Power (Bhadla) generates electricity using renewable solar energy. It replaces greenhouse gas emissions estimated at approximately 693,327 tCO2e per year by displacing 741,845 MWh/year of electricity from the Indian electricity grid, which is predominantly powered by thermal and fossil fuel-based plants.

• Scale: The project delivers an impressive output of 900,443.59 MWh of renewable energy annually, making a substantial contribution to the energy grid. In addition, it plays a pivotal role in environmental preservation by reducing greenhouse gas emissions by approximately 693,327 tCO2e each year.‍
• Economic Growth: Conducts training sessions and employs local individuals, promoting economic growth and development.
• Sustainable Development Goals (SDGs) Alignment: Contributes to multiple SDGs including decent work and economic growth, affordable and clean energy, and climate action.

• Intermittent Energy Source: Solar power generation is dependent on sunlight, which means energy production may be inconsistent (eg. weather, daylight conditions), requiring backup energy sources or storage solutions.

This 60 MW wind power project, promoted by Orange Mamatkheda Wind Private, is located in Karnataka, India. It consists of 30 wind turbines, each with a capacity of 2 MW, generating a total of 140 GWh of clean electricity annually. This energy output is sufficient to power approximately 32,500 households per year. The project has conducted an Environmental and Social Impact Assessment (ESIA) in accordance with IFC guidelines and actively engages the local community through stakeholder consultations.

• Scale: Produces a140 GWh of renewable energy each year, leading to a substantial reduction in CO2 emissions.
• Local Community Benefits: Includes numerous CSR initiatives such as enhancing education, improving sanitary infrastructure, healthcare facilities, and potable water supply.
• Employment Generation: Creates direct and indirect employment opportunities for locals.
• Environmental Awareness: Conducts tree plantation and other environmental protection activities.

• Land Use: Wind farms require large tracts of land, which may impact local land use and ecosystems.

In rural Indonesia, farming relies heavily on a healthy natural environment, which is increasingly threatened by climate change. The Indonesia Biogas Project addresses this challenge by distributing biogas digesters, providing a sustainable energy source for small farmers with livestock. By reducing reliance on firewood and fossil fuels for cooking, the project not only enhances living conditions but also plays a crucial role in combating climate change. Beyond environmental benefits, the project strengthens the local economy by generating business opportunities for construction companies and creating jobs for skilled masons. Additionally, farmers gain financial support through carbon finance subsidies and access to loans from local cooperatives, further empowering them to adopt sustainable practices.

• Health Benefits: Transitioning to biogas cooking eliminates harmful smoke, leading to significantly improved health conditions for families and reducing respiratory and eye-related issues.
• ‍Environmental Impact: Reduced CO2 emissions by 528,781 tonnes from 2011 to 2023.
• Economic Savings: Reduces expenditure on fuel by providing free bio-slurry as a natural fertilizer alternative to expensive chemical options.
• Gender Equality: The project promotes gender equality by offering equal training opportunities for both men and women,
• ‍Environmental Impact: Reduced CO2 emissions by 528,781 tonnes from 2011 to 2023.‍
• Increased Agricultural Productivity: Bio-slurry use boosts crop yields, contributing to food security.

• The Indonesia Biogas Programme has a comprehensive approach to sustainability. It not only provides a clean and renewable energy source but also significantly improves the socio-economic conditions of rural communities. The program's focus on health benefits, women empowerment, and environmental sustainability makes it a robust model for similar initiatives worldwide. This project's holistic benefits and alignment with multiple Sustainable Development Goals (SDGs) make it an appropriate investment in sustainable development.Maintenance Requirements: The digesters need regular maintenance, which might be challenging in rural areas.
• Limited Reach: The project might not be able scale quickly enough to meet the needs of wider rural communities.

The project is a 3.2 MW wind-based power project located in Jodha village, Jaisalmer district, Rajasthan, India. The project includes 4 Wind Energy Convertors (WECs), each with a capacity of 800 kW, connected to the Unified Indian grid. The electricity generated is sold to Jaipur Vidyut Vitran Nigam Limited (Jaipur Discom) under a 20-year Power Purchase Agreement (PPA). This project aims to provide clean, green electricity to the NEWNE grid, contributing to the sustainable growth of Rajasthan.

• Infrastructure Development: Improves local infrastructure, such as road networks.
• Employment Generation: Creates both direct and indirect employment opportunities, boosting local economic activities.
• Environmental Benefits: Produces clean energy, reducing the carbon footprint and contributing to environmental well-being.
• Technological Advancement: Demonstrates the use of environmentally safe and sound technology, with no greenhouse gas or toxic waste production.

• Noise: Wind energy may bring noise pollution to the local communities.

The 7.2 MW wind farm, developed by M/s Shah Promoters & Developers, is located in Khandke, Ahmednagar District, Maharashtra, India. The project consists of 9 wind turbines, each with a capacity of 0.8 MW, provided by Wind World India Ltd. Established in 1986, M/s Shah Promoters & Developers specializes in construction and wind power generation. This project not only produces green energy but also creates employment, business, and additional income opportunities for the local communities.

• Environmental Impact: Generates 7.2 MW of clean energy, reducing reliance on fossil fuels.
• Employment Opportunities: Creates jobs and business opportunities for local residents, fostering economic development.
• Co-Benefits: Actively engages in social work and community upliftment, as detailed in their Sustainability Development Co-benefit (SDC) report.

• The Wind Energy Project in Maharashtra by M/s Shah Promoters & Developers is notable for its dual focus on renewable energy production and community development. The project not only contributes significantly to reducing carbon emissions but also enhances the socio-economic well-being of the local population through job creation and business opportunities. The company's commitment to CSR activities further strengthens its positive impact, making it an exemplary model of sustainable development. The project's alignment with environmental and social goals underscores its value as a compelling investment in the clean energy sector.Noise: Wind farms generates certain level of noise pollution which may impact local communities

Precision Technik Private Limited has developed a 5 MW solar photovoltaic power project in Nokh Village, Pokhran Tehsil, Jaisalmer District, Rajasthan. The project aims to supply 8,322 MWh of net electricity annually to India’s national grid (NEWNE). Without this project, the equivalent electricity would have been generated from a predominantly fossil-fuel-based grid. This project contributes to sustainable development through environmental, social, economic, and technological benefits.

• Environmental Impact: Reduces reliance on coal and other fossil fuels, decreasing CO2 emissions and other pollutants.
• Social Well-Being: Generates employment opportunities and strengthens social infrastructure, improving the quality of life for the local communities.
• Economic Growth: Creates business opportunities for local communities, and contributes to regional infrastructural development.
• Technology: Promotes the adoption of solar power technology, which is crucial given India's current low percentage of solar energy production. It has high replicability potential, encouraging more solar projects in the region.

• Intermittent Energy Supply: Solar energy is dependent on weather conditions, which may fluctuates in power generation.

The Sichuan Muchuan County Huogu Hydropower Project, implemented by Sichuan Muchuan County Qixing Huogu Hydropower Development Co., Ltd., is located in Lidian Town, Muchuan County, Leshan City, Sichuan Province, China. This hydropower project aims to generate zero-carbon electricity by utilizing two turbine-generator sets with a combined capacity of 40 MW. The electricity produced is transmitted to the Central China Power Grid (CCPG) through the Sichuan provincial grid. The project is expected to operate 4982 hours annually, with a Plant Load Factor of 56.8%, and includes critical infrastructure components such as a river dam, factory buildings, and a substation.

• Reduction in Fossil Fuel Dependence: The project significantly reduces the reliance on fossil fuels by supplying clean hydropower. This decreases air pollution and improves public health by minimizing harmful emissions associated with fossil fuel-based electricity generation.
• Local Infrastructure Enhancement: Enhances local energy generation infrastructure, helping to meet the local demand for electricity.
• Job Creation: Provides 27 job opportunities, thereby improving the living standards of the local population.
• Sustainable Development Goals (SDGs): Aligns with several SDGs, including affordable and clean energy (SDG 7), decent work and economic growth (SDG 8), and climate action (SDG 13).

• Environment: Hydropower projects may disrupt local ecosystems and aquatic life due to changes in water flow.

The 30 MW Wind Energy Project by Giriraj Enterprises generates power using renewable wind energy and exports the electricity to the regional grid system under the purview of the Indian electricity grid. The project displaces approximately 71,784 tCO2e per year by replacing 76,212 MWh/year of electricity from the predominantly fossil fuel-based generation mix of power plants connected to the Indian grid.

• Significant Emission Reduction: The project reduces greenhouse gas emissions by 71,784 tCO2e annually, and generates 82,141.44 MWh of clean & renewable energy. This dual impact not only makes a substantial contribution to climate action but also supports the transition to a sustainable energy system.
• ‍Employment Opportunities: Creates jobs for 24 individuals, contributing to local economic growth.‍
• Community Training: Conducts training sessions to build capacity and educate the local workforce, enhancing skill development.‍
• Alignment with SDGs: Supports multiple Sustainable Development Goals, including affordable and clean energy (SDG 7), decent work and economic growth (SDG 8), and climate action (SDG 13).

• Noise: Wind energy can generate noise pollution which may impact the local communities.